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Fortescue rally leads ASX to 0.4pc rise

Vesna Poljak

Australian shares rose in a quiet session ahead of the Australia Day public holiday, led by Fortescue Metals Group, which advanced more than 4 per cent following an enthusiastic reception to Friday’s trading update.

The S&P/ASX 200 Index rose 24.3 points or 0.36 per cent to 6824.69 on Monday. The All Ordinaries added 0.46 per cent to 7111.39.

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Vesna Poljak was The Australian Financial Review’s companies editor.

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    Original URL: https://www.afr.com/markets/equity-markets/fortescue-rally-leads-asx-to-0-4pc-rise-20210125-p56woo